Agromash

Agromash

 

a joint Bulgarian-Hungarian association for collaboration in technological and economic development, machine building, and machine marketing; it was created in December 1964. The association coordinates the technological development and output of machinery and units for mechanization of vegetable, fruit, and grape growing, on the basis of agricultural research being conducted in Bulgaria and Hungary. It promotes specialization and collaboration between the corresponding enterprises and research and planning-design institutions of the two countries. It assists in the conclusion of agreements for reciprocal deliveries of the products referred to and for deliveries to other countries. The activity of Agromash is based on cost-accounting principles. Its statutory capital is derived from payments by the two countries on an equal basis. Income received, after deduction of fixed amounts for Agromash funds, is distributed equally between the participating parties. The Agromash board is formed of representatives from both sides, on a parity basis. Board resolutions are considered adopted upon joint agreement of the two parties. The executive organ of Agromash is the bureau, consisting of the director, deputy directors, and various specialists and technical personnel. All expenditures are supported equally by the two parties. Agromash maintains headquarters in Budapest, Hungary, with representatives in Sofia, Bulgaria. It enjoys juridical rights and operates accordingly under the laws of those countries in which it is active.

Agromash represents a new form of economic collaboration between two socialist countries; it is an example of the continued improvement in the international socialist division of labor.

V. I. MOROZOV

References in periodicals archive ?
- Agromash Holding KZ, Lovol Heavy Industry, Kazakh Invest and YTO have signed a road map for implementation of the project on production of agricultural and road construction equipment.
The plant is operated by Ssangyong's local partner, Agromash Holding.
Auto Business News-March 11, 2013--PSA Peugeot-Citroen signs contract with Agromash Holding(C)1994-2013 ENPublishing - http://www.enpublishing.co.uk
PSA Peugeot-Citroen, a France-based automaker, has signed a contract with Russia-based Agromash Holding.
President Hipolito Mejia said the Ministry of Agriculture will test 10 Ukraine-made Agromash tractors before placing a larger order, reports Hoy (June 17, 2002).
Agromash Sanoat Invest, subsidiary of Uzavtosanoat, has started production of mini-tractors by the license of Korea's LS Mtron, company's deputy director general Rustam Saidaliyev told reporters.
Agromash Sanoat Invest and LS Mtron signed the agreement on strategic cooperation in December 2013, which foresees production of 24,570 mini-tractors.
Uzexpocentre hosts Uzbekistan Agrotech Expo 2019 and Uzbekistan Agromash Expo 2019 International Specialized Exhibitions.
Uzbekistan Agromash Expo 2019 demonstrates more than 70 kinds of products of enterprises of Uzagromashservice system and leading foreign companies.
Request for quotations : the design and estimate documentation overhaul of the pumping station agromash with the replacement of sewer networks along the existing communication routes in the city of dzerzhinsk
Also, CJSC Tyumen Agromash can conduct a review of equipment and prepare it for the start of the working season or winter storage.
JSC "Agromash Holding KZ", Lovol Heavy Industry, "Kazakh Invest" NC "JSC and YTO signed a Roadmap for the implementation of the project" Agriculture and road construction equipment ".